Aramis Ramirez informed the Cubs that he is exercising his player option instead of testing the free agent market, according to Bruce Levine of ESPNChicago.com. Late in the season Ramirez declared his intention to remain in Chicago, so this announcement is just a formality.
Ramirez has a 2011 player option for $14.6MM and the Cubs will have to pay him $2MM more even if they buy him out in 2012. The 32-year-old struggled early in 2010, but hit better as the year progressed and finished with a .241/.294/.452 line and 25 home runs.
